Cardano vs Ton Coin - WHY Is No One Talking About THIS?
Summary
TLDRThe video discusses the recent market cap flip of Cardano and TON Coin in the cryptocurrency space. It highlights the token distribution concerns of TON Coin, where the top 100 wallets hold 93% of its supply, indicating a potential for market manipulation. In contrast, Cardano has a more balanced distribution and a robust ecosystem with over 2800 validators. The video emphasizes the importance of fundamentals and long-term sustainability in the volatile crypto market.
Takeaways
- 🚀 TON (Telegram Open Network) has recently overtaken Cardano in terms of market cap, causing a stir in the cryptocurrency community.
- 📈 Market cap changes do not necessarily indicate the overall health or future success of a project; it's a long-term game.
- 🔎 Token distribution is a critical aspect to consider when evaluating a cryptocurrency project, with more balanced distribution being generally healthier.
- 📊 The top 10 Cardano wallets hold about 9% of the total ADA supply, whereas the top 10 TON wallets hold 61% of the TON supply, raising concerns about centralization.
- 🔍 A significant portion of Ethereum's top holdings can be attributed to a single wallet associated with the Ethereum Beacon Chain (ETH 2.0).
- 🌐 Avalanche has a relatively even token distribution with the top 100 wallets holding about 21% of its supply.
- 🏦 TON's token distribution shows a high concentration of supply in a small number of wallets, which could lead to potential market manipulation.
- 🔑 Validators and wallet holders in a blockchain ecosystem play a crucial role in maintaining network integrity and security.
- 📊 TON's ecosystem is still developing with a lower TVL (Total Value Locked) compared to Cardano's, indicating a less mature DeFi landscape.
- 🌐 Cardano has a significantly larger number of validators compared to TON, suggesting a more decentralized network.
- 🔍 While market cap and token distribution are important, focusing on the fundamentals and long-term sustainability of a project is essential for investors.
Q & A
What recent event is the video discussing in relation to Cardano?
-The video discusses the recent event of another blockchain project flipping Cardano in terms of market cap.
Which project recently overtook Cardano in market cap according to the video?
-According to the video, TON (Telegram Open Network) is the project that recently overtook Cardano in market cap.
What does the video suggest about the significance of a flippening event?
-The video suggests that a flippening event, such as TON overtaking Cardano, is not the end of the world and should be seen as part of the long game in the cryptocurrency space.
How does the video describe the token distribution of TON compared to other projects?
-The video describes the token distribution of TON as highly centralized, with the top 100 wallets owning 93% of the circulating supply, which is a red flag and indicates potential future dumps.
What is the video's comparison of token distribution between Cardano and TON?
-The video compares the token distribution by highlighting that the top 10 wallets in Cardano hold about 9% of the total ADA supply, whereas the top 10 holders in TON hold 61% of the supply, indicating a more decentralized distribution in Cardano.
What does the video mention about the role of the largest TON wallet?
-The video mentions that the largest TON wallet holds a significant portion of the TON supply and suggests that it might be related to a centralized exchange or other entities like the TON Foundation.
How does the video address the number of validators for TON and Cardano?
-The video addresses that TON has 299 validators, which seems to coincide with the top 100 wallets, while Cardano has over 2800 validators, indicating a much larger and more decentralized network for Cardano.
What does the video discuss regarding the ecosystems of TON and Cardano?
-The video discusses that TON's ecosystem is young with a lower total value locked (TVL) and mainly consists of DEX platforms and some privacy platforms. In contrast, Cardano has a more diverse ecosystem with various DeFi platforms, stablecoins, and other financial services.
What advice does the video give to the community regarding their reaction to the flippening?
-The video advises the community to focus on the fundamentals and not to worry too much about the flippening, as the cryptocurrency space is not always about fundamentals but also about where liquidity goes.
What does the video suggest about the future of Cardano despite the flippening?
-The video suggests that Cardano is not going to be knocked out of the top 10 forever, and it encourages a long-term mindset focused on sustainability and product development rather than just price appreciation.
What information was the video unable to find about TON?
-The video was unable to find specific information about the ICO allocation or token distribution when the TON network launched for comparison with Cardano.
Outlines
🚀 Cardano's Recent Market Cap Overtake by TON Coin
The video begins by addressing the recent flippening event where TON coin overtook Cardano in terms of market capitalization within the blockchain and cryptocurrency space. The host aims to highlight this change and share some interesting findings related to it. The discussion includes a look at CoinMarketCap data, emphasizing that the flippening is not an end-of-the-world scenario and that many projects above Cardano in market cap do not necessarily outperform the Ada community. The host also mentions that this is a long-term game and that fundamentals often do not align with market sentiment, as seen with other cryptocurrencies like Dogecoin.
📊 Token Distribution and Market Cap Concerns
This paragraph delves into the token distribution and market cap concerns, particularly for TON coin. The host presents data from CoinCarp.com, comparing the distribution of tokens among the top 100, 50, 20, and 10 holders in various cryptocurrencies, including Cardano, Ethereum, Avalanche, and Salana. The alarming data shows that TON coin's top 10 holders control 61% of the supply, with the top 100 holders controlling a staggering 93%. This concentration of assets raises red flags about potential market manipulation and future dumps. The host also discusses the tokenomics and allocations of different cryptocurrencies and raises concerns about the lack of transparency regarding the ownership of TON coin wallets.
🌐 Comparing Ecosystems and Validator Networks
The final paragraph focuses on comparing the ecosystems and validator networks of Cardano and TON coin. The host presents statistics on wallet creations and the distribution of tokens among these wallets, highlighting the disparity between the two platforms. While Cardano has over 4.5 million wallets with a more equitable distribution of tokens, TON coin has 3 million wallets with the majority of tokens held by a small percentage of them. The discussion also includes the number of validators for each platform, with Cardano having significantly more validators than TON coin. The host encourages viewers to focus on fundamentals and long-term sustainability rather than short-term market fluctuations. The video concludes by addressing concerns about TON coin's market position and reiterating that the cryptocurrency market is volatile and subject to rapid changes in sentiment and liquidity.
Mindmap
Keywords
💡Flippening
💡Market Cap
💡Token Distribution
💡Rich List
💡Validator
💡Tokenomics
💡Ethereum Beacon Chain
💡Liquid Staking
💡DeFi
💡Total Value Locked (TVL)
💡Community
Highlights
Cardano was recently flipped in market cap by another blockchain project.
The project that flipped Cardano is TON Coin, with a market cap of $23 billion surpassing Cardano's $21 billion.
The token flipping event has caused a significant frenzy within the community.
The distribution of tokens in Cardano shows the top 10 holders own about 9% of the total ADA supply.
In comparison, TON Coin's top 10 holders possess a staggering 61% of the supply, with the top 100 holders owning 93%.
The token distribution in TON Coin raises concerns about centralization and potential market manipulation.
Ethereum's top 10 holders hold about 45% of the total supply, which is skewed due to one wallet related to the Ethereum Beacon chain.
Avalanche has a more balanced token distribution with the top 10 holders at 1%, top 20 at 2%, and top 50 at 4%.
The majority of TON Coin's ICO went towards a public sale, suggesting a wider distribution among the community.
TON Coin's ecosystem is still young with a lower TVL compared to Cardano's, which hosts a variety of DeFi platforms and stablecoins.
Cardano has over 2800 validators, almost ten times the amount of TON Coin's 299 validators.
The recent flippening event is not necessarily indicative of the long-term success or sustainability of a project.
It's important to focus on the fundamentals and long-term potential of a project rather than short-term market cap fluctuations.
The video encourages viewers to research and understand the tokenomics and allocations of projects they are interested in.
The presenter expresses confidence in Cardano's ability to maintain its position in the top 10 cryptocurrencies despite temporary setbacks.
The video concludes by emphasizing the importance of a long-term mindset in the cryptocurrency market.
Transcripts
cardano was recently flipped when it
comes to market cap for the entire
blockchain and cryptocurrency space now
as a part of today's video I want to
highlight what chain recently flipped
cardano and I also found something
extremely interesting that might
actually pique your interest so as a
part of today's video I want to break
all of this
[Music]
down what's up a nation welcome to D
Central your home for everything
blockchain and crypto I'm your host here
for re today we're going to be talking a
little bit about a project that has just
flipped cardano in the sentiment here in
the ecosystem without any further Ado
let's just take a look here at coin
market cap as it stands we have ton coin
which I believe is somehow or in some
shape tied back over into telegram now
flipping cardano so they've got a market
cap of 23 billion recently overtaking
Ada which has a market cap of $21
billion
now this has caused a pretty big frenzy
in the community I want to take a moment
just to state that when tokens flip
cardano and vice versa when cardano
flips other tokens it's not the end of
the world a lot of the projects that are
currently above cardano from a
fundamentals perspective do not outshine
or do not outwork the Ada Community
again I mentioned this in a recent video
this is a long game a lot of projects
for example like even Doge right has
recently overtaken cardano so doge is
above ton coin as well coming in at
number eight now just ask yourself what
sort of utility does Doge provide other
than being uh a chain right known as a
meme again when you take a look at the
fundamentals here in the space a lot of
it doesn't make sense and this recent
flippening with tcoin is just another
one of those cases now I want to go and
just quickly show some interesting data
here so we're going to head over into
coinc carp.com
and what I've done is just taken a look
at the token distribution and again this
raises some concerns for me which you as
the viewer may not be aware of so as it
stands right now we have the rich list
which shows the top 100 holders 50
holders 20 holders and 10 holders in
cardano but then it also highlights how
much of the total Supply right or the
circulating Supply that they currently
hold so if I jump over here as of May
7th so just yesterday the top 10 holders
hold about 8.96 or just about 9% of the
total adaa Supply if we take a look at
the top 20 biggest wallets they own
about 10% the top 50 wallets they own
about 15% and then if we take a look
across the board at the top 100 wallets
in cardano they own about 21% of the
total Supply well you might be asking
how does this compare to for example
ethereum Avalanche salana but then also
even ton coin I think you guys would be
surprised to find out how the hold the
distribution looks like for tcoin in
just a minute now let's take a look here
at salana next so salana very similar
numbers to cardano 6% 10% 16% and then
21% so nothing out of the ordinary there
looking at Avalanche we got 1% 2% 4% and
5% so they're actually showing probably
the best token distribution here you
don't really have a huge amount of the
um available Supply being held by a few
number of wallets let's take a look at
ethereum next and we'll take a look at
ton coin so interesting thing here with
ethereum the top 10 holders hold about
45% top 20 47 top 50 52 and the top 157
now I took a closer and a deeper look to
better understand what could potentially
be going on in ethereum and there's
actually one wallet specifically that
you'll notice here that holds the
majority of the eat Supply which is
about
35% so if I jump over here I took a look
at that particular address and this is
related to The ethereum Beacon chain
also known as eth 2.0 so it states here
this uh wallet is also labeled as the
beacon contract Creator and if you're
not aware people can basically provide
their eth into this contract I believe
an exchange for the V2 version when that
comes out now I'm no eth expert feel
free to correct me if I've mislabeled or
misidentified IFI anything here but I
tried to do my best to identify where
this actual funding was coming from and
the purpose of this particular wallet so
when we take a look at the eth data here
that particular wallet does appear to
skew the numbers again we've got
Avalanche here pretty solid distribution
we've got salana here pretty solid
distribution as well now I'm going to
jump back into cardano just to kind of
reset the stage here again biggest
wallet holding about 3.85 of the 3.85%
of the supply now let's take a a look at
ton coin here and we can see that the
top 10 holders hold 61% of the supply
the top 20 hold 70% the top 50 wallets
hold 85% and the top 100 wallets own
93% of the circulating supply of the ton
coin this is a huge red flag to me
personally this tells me that a very
very small group right or very small min
minority holds the majority of the asset
so there could be some potential you
know dumps in the near future if these
100 wallets who hold the majority want
to sell at a higher price maybe when
there's fomo right maybe when bitcoin's
broken over 100k and people are looking
to come in and basically put their money
into the highest traded assets with
tcoin being at number nine you could
imagine that a lot of people will see
that asset and want to buy the coin so
this is alarm ing for me personally to
see um very poor distribution I
highlighted in a prior video the
tokenomics in the allocations right that
we've seen for cardano salana Avalanche
Etc and the majority of the tokens for
cardano's Ico went towards a public sale
meaning that it was spread out amongst
more General Community now with tcoin
that seems to be the exact opposite
again with the top 100 holders making up
93% of the current circulating Supply so
again I took a closer look here at some
of these addresses and I even jumped
over to the ton Explorer here which
breaks down the top 1,000 account so
these numbers do match what is listed on
the coin carp website and again I'll
leave the links this down below if you
guys want to go a and check them out um
but I couldn't actually find any sort of
specific information surrounding who
owns the wallets aside from some of
these more human readable names so we
have an elector contract and I think
there might actually be
a centralized exchange down here which
holds quite a bit of the ton token we've
got the foundation holding quite a bit
here as well we' also got a bridge here
holding some of the ton coin as well so
um really really alarming um I'm not
sure what this main address is used for
but it's really interesting to see just
the token distribution with that chain
so in closing I want to quickly touch on
some of the recent stats about the
wallet creation there as well and if we
take a look right now they have about 3
million onchain activated wallets so
you've got over 3 million wallets but a
100 of them basically hold 93% of the
supply this tells me that the remainder
of the wallets right millions of wallets
either have little to no ton actually
held within them again if we had a much
fair distribution you could expect that
the majority of the wallets would have
at least a decent amount it may not be a
whales worth amount but at least have a
little bit there right so imagine 7% of
the circulating Supply being split up
amongst 3 million wallets in cardano's
case we have um let's see here about 80%
of the supply so I'm going to jump back
over here so we have the top 100 wallets
holding about 20% meaning that the
remaining wallets are in charge of about
80% and right now we have over 4.5
million wallets in cardano meaning that
that 80% is split up amongst that 40 5
or excuse me that 4.5 million wallets as
opposed to ton coin where they have 7%
right not 80% but 7% split up amongst
almost 3 million wallets so you do the
math there now while I'm also taking a
look at the ton stats I ran across the
number validators here right so you can
see on the left- hand side there we have
a total of
299 validators which it's basically
their job right to keep the network up
and running in and these appear to have
coincided with some of those top 100
wallets so it looks like the validators
right which may or may not be community
members basically hold the majority of
the ton token and just for comparison
sake let me actually jump over to pool
tool here and we'll take a look at all
the validators currently right now for
cardano so as you guys can see there
we've got over 2800 validators which
have at least one love lace staked to
them so cardano with almost 10 times the
amount of validators compared to tcoin
again just something else to quickly
point out for the viewers the last thing
I want to touch on is just their
ecosystems so you can head over to defi
Lama take a closer look here we have ton
stakers which is liquid staking so this
is actually not being counted for their
tvl which is why it's great out here but
their biggest tvl or their biggest dap
by tvl I should say when it comes to
their platform is a DEX we've got number
two another Dex number three another
deck and then after that we've got a
privacy platform and then some very
small derivatives lending and borrowing
with less than a million dollars worth
of tvl now I don't see any mentions of
stable coins here and if I jump over
just for comparison say to take a look
at cardano right there's no mention of
staking because of course they're
counting cardano staking a little bit
differently but short of that we have
Indigo with nearly $100 million worth of
tvl followed by Min swap a de followed
by lq lending and borrowing a starter
another Dex Len fight lending and
borrowing another Dex stable coin and
then Dex Dex Dex lending lending lending
and rwa so the ecosystems um are still
both very young definitely a lot less in
terms of tvl currently on ton um
compared to cardano and again I just
encourage the community to just go back
to the fundamentals right um I see a lot
of people you know worried about the
fact that t Co has taken over cardano
I've personally got no worries um it
just is really surprising how this space
works it's not always about fundamentals
it's just about where the liquidity goes
and a lot of times you may have good
actors that attract liquidity but you
could also have Bad actors that attract
liquidity again my job is not to judge
but to present you guys with the facts
and let you guys take a look as look at
it as you wish now one thing I was not
able to track down when it comes to ton
was the actual Ico allocation or the
token distribution when the actual
Network launched and to compare that to
cardano if you watching this video do
have that information I'd be more than
happy to take a look make sure to go and
leave a comment down below so um rest
assured I don't think cardano is going
to be knocked out of the top 10 forever
um if maybe for example Avalanche passes
us up just wait till the bare Market
where a lot of these projects don't end
up bouncing back right it's not to say
that Avalanche won't bounce back or that
ton won't bounce back but you have to
have this long-term mindset that it's
not about the price appreciation solely
in the bull market right because there's
going to be liquidity flowing in and out
of all these different ecosystems but
it's to make sure you can provide a
product that can be sustainable and that
can hold you until the next Market comes
along right because those bears are
brutal and that's typically when we
begin to see a lot of the people move
out of the space including layer ones
and and actual projects built on top of
those l1s so that'll do it here for
today's video breaking down the recent
flippening and addressing some of the
concerns when it comes to token distri
contribution between cardano and ton I
hope you guys found this to be helpful
if you did I would appreciate you if you
could smash that thumbs up if it's your
first time stopping by and you want more
content like this breaking down
everything going on in cerano consider
subscribing and last but not least if
you have any questions for me then make
sure to leave a comment down below that
said and as always I'll see you guys in
the next
video
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